In the annual State of the State address opening Florida legislative session, Gov. Rick Scott highlighted automobile insurance while remaining mum on the future of the state’s property insurance underwriter, Citizens Property Insurance Corp. In a half-hour speech before the …
Citizens Property Insurance Corp. President Scott Wallace has announced that he will step down as president and CEO of the corporation effective April 6. Wallace, who has served more than six years as the CEO of the company, has overseen …
The Texas Medical Liability Trust has acquired the Florida-based Physicians Insurance Co. The Deerfield Beach, Florida-based Physicians Insurance has been operating in the state since 2003. According to a 2011 Office of Insurance Regulation report, it had $8 million in …
Louisville-based insurance agency Neace Lukens is expanding its presence in Kentucky by buying the Berryman Insurance Agency. The Hartford, Kentucky-based Berryman Agency was founded in 1937 and its current owners date back to 1967. The agency specializes in auto, home, …
Florida lawmakers are considering allowing surplus lines carriers to help Citizens Property Insurance Corp. lose some of its 1.5 million policyholders. State Sen. Garrett Richter (R-Naples) and Rep. Jim Boyd (R-Bradenton) are sponsoring bills that would allow surplus lines insurers …
An insurer is hoping to use an Alabama state law governing deceptive trade practices to stop Google from prominently displaying negative websites about the company. American Income Life Insurance Co. has filed suit in the Jefferson County Alabama Circuit Court …
State lawmakers in South Carolina are considering modifying a 30-year old law so that all motorcycle riders in the state must wear helmets. South Carolina State Senator Ralph Anderson (D-Greenville) is sponsoring a bill that would require all motorcyclists in …
One of North Carolina’s largest homeowners’ insurers says it is considering canceling the coverage of up to 70,000 homeowners unless the state Legislature makes changes allowing it to charge higher rates. North Carolina Farm Bureau Executive Vice President Steve Carroll …
South Carolina is looking for a new insurance commissioner. Eleven months after being nominated for the job by Gov. Nikki Haley, David Black has resigned. Haley has named Gwen Fuller-McGriff as acting director of the insurance department. Fuller-McGriff has been …
Florida condominium buildings that rent out 25 percent of their units will see no rate increase for now despite playing a key role in the state’s largest property insurer’s plan to reduce its policy count. Since last month, Gov. Rick …
